Hewlett Packard Enterprise Sees Q3 Adj. EPS $0.43-$0.48 vs $0.47 Est.; Revenue $7.4B-$7.8B vs $7.46B Est.; Sees FY24 Adj. EPS $1.85-$1.95 vs $1.88 Est.
Portfolio Pulse from Benzinga Newsdesk
Hewlett Packard Enterprise (HPE) has released its Q3 financial guidance, projecting adjusted EPS between $0.43 and $0.48, compared to the estimated $0.47. Revenue is expected to be between $7.4 billion and $7.8 billion, against an estimate of $7.46 billion. For FY24, HPE forecasts adjusted EPS between $1.85 and $1.95, compared to the estimated $1.88.
June 04, 2024 | 8:06 pm
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Hewlett Packard Enterprise's Q3 guidance shows a range for adjusted EPS and revenue that is close to market expectations. The FY24 adjusted EPS forecast is also within a narrow range around the estimate.
The guidance provided by HPE for Q3 and FY24 is very close to market expectations, suggesting a neutral short-term impact on the stock price. The narrow ranges indicate stability but do not provide a strong catalyst for significant price movement.
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IMPORTANCE 80
RELEVANCE 100